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Stocks increase on improved market liquidity
Shares rallied on Jan 17 on the two national exchanges, with market liquidity remaining brisk. In HCM City, the VN-Index closed up 1.21 per cent from Friday's mark to 495.16.
Market value continued solid at VND1 trillion (US$38.5 million) as more than 43.8 million shares changed hands. Gainers outnumbered losers by 147-74.
Blue chips continued to perform well. Out of the 10 largest capitalised shares, gainers were Bao Viet Holdings (BVH), Masan Group (MSN), Eximbank (EIB), software producer FPT Corp (FPT), property trader Hoang Anh Gia Lai (HAG), PetroVietnam Finance (PVF) and Sai Gon Securities Inc (SSI).
BVH rose VND4,000, its second consecutive day of ceiling gains since last Friday. MSN rose to the ceiling price with an increase of VND3,500, FPT lifted VND1,500 while other blue chips climbed slightly.
In Ha Noi, the HNX-Index rose 0.9 per cent to close at 109.02.
Trading volume increased by 35 per cent to 34.4 million shares, totalling a value of VND618.1 billion ($24.2 million).
About 195 advancers doubled decliners.
Big stocks achieved increase in prices, including Asia Commercial Bank (ACB), up VND100; Bao Viet Securities (BVS), up VND800; Kim Long Securities (KLS), up VND600; Tien Phong Plastic (NTP), up VND1,400 and PetroVietnam Insurance (PVI), up VND500.
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